The Sage Group plc (LON:SGE) insider Donald H. Brydon purchased 22,000 shares of the company’s stock in a transaction dated Wednesday, November 21st. The shares were acquired at an average cost of GBX 515 ($6.73) per share, for a total transaction of £113,300 ($148,046.52).

Shares of LON:SGE traded up GBX 8 ($0.10) during mid-day trading on Friday, reaching GBX 580 ($7.58). 3,025,865 shares of the stock were exchanged, compared to its average volume of 3,690,000. The Sage Group plc has a one year low of GBX 613 ($8.01) and a one year high of GBX 825.20 ($10.78).

The company also recently disclosed a dividend, which will be paid on Friday, March 1st. Investors of record on Thursday, February 7th will be issued a dividend of GBX 10.85 ($0.14) per share. The ex-dividend date of this dividend is Thursday, February 7th. This is an increase from The Sage Group’s previous dividend of $5.65. This represents a dividend yield of 1.98%.

SGE has been the topic of a number of research analyst reports. Citigroup reaffirmed a “buy” rating and set a GBX 680 ($8.89) price target on shares of The Sage Group in a research report on Monday, September 3rd. Shore Capital reaffirmed a “buy” rating on shares of The Sage Group in a research report on Friday, November 2nd. Deutsche Bank dropped their price target on The Sage Group from GBX 540 ($7.06) to GBX 505 ($6.60) and set a “hold” rating on the stock in a research report on Thursday, November 22nd. Canaccord Genuity upgraded The Sage Group to a “hold” rating and set a GBX 540 ($7.06) price objective for the company in a report on Tuesday, October 30th. Finally, UBS Group reiterated a “neutral” rating and set a GBX 700 ($9.15) price objective on shares of The Sage Group in a report on Tuesday, September 25th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 629.17 ($8.22).

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The Sage Group Company Profile

The Sage Group plc provides business management software and services for small and medium sized companies. It offers software and services for accounting and payroll, enterprise resource planning, customer relationship management, and payments. The company serves business owners, bookkeepers, and finance directors.

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